Word: clt
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...Dukakis spokesman said that the Legislature Tax Cap Bill is similar to the CLT tax cap, in that all revenues collected in excess of the cap would triger tax cuts...
Unlike the CLT proposed tax cap, however, the legislature cap cuts "sends the excess tax cuts back to the taxpayers fairly by increasing flat personal exemption 5 percent for everyone," she said...
...Dukakis spokesman added there are other significant differences between the two tax caps. She said the Legislature Tax Cap Bill provides $135 million more than the CLT tax cap by giving $100 million of "immediate additional tax release primarily to the middle-and lower-income group and to the elderly...
...Legislature Tax Cap Bill also increases the no-tax status from $6000 to $8000 for single taxpayers and from $10,000 to $12,000 for joint filers, she said. "The CLT version of the tax cap does nothing to correct the tax burden of the working poor," she said...
Francis J. Faulkner, associate director of CLT, called the Legislature Tax Cap Bill "a Halloween...